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  • FIRST POST
    • emmy05
    • By emmy05 20th Mar 17, 9:01 PM
    • 1,951Posts
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    emmy05
    Does anyone know?
    • #1
    • 20th Mar 17, 9:01 PM
    Does anyone know? 20th Mar 17 at 9:01 PM
    What tax will be paid, for a 22 yr old single person, starting work on 1st Feb, til end of 2017? I'm getting myself all muddled. Does it go Feb to April for tax year? Or does it go for the whole year? So sorry lol.

Page 1
    • dori2o
    • By dori2o 20th Mar 17, 9:35 PM
    • 7,301 Posts
    • 12,192 Thanks
    dori2o
    • #2
    • 20th Mar 17, 9:35 PM
    • #2
    • 20th Mar 17, 9:35 PM
    Tax year runs 6th April one year to 5th April of the next.

    As to how much tax will be paid it depends entirely on how much will be earned in those 2 tax years.
    To equate judgement and wisdom with occupation is at best . . . insulting.
    • McKneff
    • By McKneff 20th Mar 17, 10:12 PM
    • 35,523 Posts
    • 45,720 Thanks
    McKneff
    • #3
    • 20th Mar 17, 10:12 PM
    • #3
    • 20th Mar 17, 10:12 PM
    Tax year is april 16 to March 17. If you havent been working you will very likely pay no tax

    April 17 is a new tax year so wvery thing starts from scratch and it depends on your earnigs as to how much tax and NI you pay
    No one can make you feel inferior without your consent
    • emmy05
    • By emmy05 20th Mar 17, 10:43 PM
    • 1,951 Posts
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    emmy05
    • #4
    • 20th Mar 17, 10:43 PM
    • #4
    • 20th Mar 17, 10:43 PM
    Oh sorry, the wage is 14,500 per year.

    • McKneff
    • By McKneff 20th Mar 17, 11:11 PM
    • 35,523 Posts
    • 45,720 Thanks
    McKneff
    • #5
    • 20th Mar 17, 11:11 PM
    • #5
    • 20th Mar 17, 11:11 PM
    NI is about 12.5 per cent of gross monthly income i believe
    No one can make you feel inferior without your consent
    • emmy05
    • By emmy05 20th Mar 17, 11:26 PM
    • 1,951 Posts
    • 1,530 Thanks
    emmy05
    • #6
    • 20th Mar 17, 11:26 PM
    • #6
    • 20th Mar 17, 11:26 PM
    Thank you so very much, I really appreciate it.

    • chrisbur
    • By chrisbur 21st Mar 17, 12:32 AM
    • 2,766 Posts
    • 1,498 Thanks
    chrisbur
    • #7
    • 21st Mar 17, 12:32 AM
    • #7
    • 21st Mar 17, 12:32 AM
    NI is about 12.5 per cent of gross monthly income i believe
    Originally posted by McKneff
    Current rates are nothing payable below £672 a month, then 12% on earnings between £672 and £3583 a month and 2% on earnings over £3583.
    Next year the £672 and £3583 become £680 and £3750.
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